Wolfgang Schauble finally gets something right
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  Wolfgang Schauble finally gets something right
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Author Topic: Wolfgang Schauble finally gets something right  (Read 326 times)
Beet
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« on: May 09, 2012, 01:19:12 AM »

It only took over 2 years.

"Germany’s finance minister has backed wage increases for the country’s workers in what may be seen as an olive branch to critics who argue that weak German consumption has exacerbated the eurozone debt crisis.
“Europe and the G20 are relying on us remaining an engine of growth,” Wolfgang Schäuble said in an interview with Focus, a German magazine.

“We have to remain alert, we also have to work on our competitiveness, but not as much as the crisis states,” he said, referring to Germany’s record in implementing structural reforms.
“It is fine if wages in Germany currently rise faster than in other EU countries. These wage increases also serve to reduce the imbalances within Europe.”

http://www.ft.com/intl/cms/s/0/54aa8246-9772-11e1-83f3-00144feabdc0.html#axzz1uLoUOP6p

Alas, it may well be too late to prevent the ignimonious breakup of the eurozone, and the disgrace of the past 25 years of eurocrats, including Schauble.
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